Dalton Construction Co. contracted to build a bridge for $10,000,000. Construction began in 2021 and was completed in 2022. Data relating to the construction are:

2021 2022

Costs incurred during the year $3,300,000 $2,750,000

Estimated costs to complete 2,700,000

Dalton uses the percentage-of-completion method.

Question: Compute the gross profit recognized in 2021 and 2022 if the company uses the completed contract method.